Mississippi Power (MSPWP) 8-K Results of Operations and Financial Condition

Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	Three Months Ended September					Year-to-Date September
		2009		2008	% Change		2009		2008	% Change
Consolidated –
Operating Revenues	$	4,682	$	5,427	-13.7%	$	12,233	$	13,325	-8.2%
Earnings Before Income Taxes		1,243		1,232	0.9%		2,272		2,443	-7.0%
Net Income Available to Common		790		780	1.2%		1,394		1,556	-10.4%
Alabama Power –
Operating Revenues	$	1,592	$	1,866	-14.6%	$	4,298	$	4,672	-8.0%
Earnings Before Income Taxes		425		418	1.9%		958		888	8.0%
Net Income Available to Common		261		252	4.0%		584		535	9.3%
Georgia Power –
Operating Revenues	$	2,327	$	2,644	-12.0%	$	5,967	$	6,620	-9.9%
Earnings Before Income Taxes		608		643	-5.6%		1,091		1,292	-15.6%
Net Income Available to Common		388		402	-3.5%		700		826	-15.3%
Gulf Power –
Operating Revenues	$	378	$	422	-10.5%	$	1,003	$	1,083	-7.4%
Earnings Before Income Taxes		65		62	4.9%		140		138	2.2%
Net Income Available to Common		41		37	10.3%		90		84	7.3%
Mississippi Power –
Operating Revenues	$	331	$	382	-13.3%	$	886	$	965	-8.2%
Earnings Before Income Taxes		57		56	2.5%		122		120	1.5%
Net Income Available to Common		35		36	-3.6%		75		76	-2.1%
Southern Power –
Operating Revenues	$	283	$	516	-45.1%	$	745	$	1,048	-28.9%
Earnings Before Income Taxes		108		98	11.7%		205		203	1.2%
Net Income Available to Common		67		60	13.0%		126		124	1.8%

Notes

-   Certain prior year data has been reclassified to conform with current year presentation.

-    Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-Q.